Cevat credit available on capital goods of Bakery Machineries?, Central Excise

[Samik Chaudhuri]

Sir

Our manufacturing co also product Bakery product which does not attract excise now can we avail cenvat credit on machinery of Bakery lines.Please suggest me.

With thanks and regards

Samik Chaudhuri.

Posts / Replies

[Pradeep Khatri]

Dear Samik,

If capital goods are being used exclusively for duty exempted final goods, then, no CENVAT credit would be allowed. It is mentioned in the CENVAT credit Rules, 2004 and is a settled position in this regard.

Regards,

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)

[MARIAPPAN GOVINDARAJAN]

CENVAT credit could not definitely be taken.

[Naveed S]

Sir,

If your bakery items are not under excise, as per your note; then why do u need to avail cenvat credit thereon, and how can you be registered with excise if your items itself is not excisable.